EUR/USD Long Term Technical Analysis | Forex Factory

  • EUR/USD Long Term Technical Analysis

    From fxdailyreport.com

    U.S presidential election and the Fed interest-rate cut have shifted the momentum to the U.S. dollar which put pressure on its counterpart. EUR/USD heavily bearish since 2 months ago and the bearish movement seems gaining momentum. There is no bullish sign yet for now but further rate-cut by the Fed is expected to continue. Currently, the ECB refinancing rate sits at 3.4% while the Fed interest-rate at 4.5%. There is a big difference between the rate which caused weakness in EUR/USD. The longer the situation continues, EUR/USD will continue the bearish movement. EUR/USD fell with strong bearish momentum since it ... (full story)

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KareemAliFx
Nov 24, 2024 7:53pm
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For once I agree with an article wow
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Tools
Nov 25, 2024 4:07am
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Quoting Tradex.FX
EU Gonna pullback on 1.070xx within next 2 week
Any technical analysis on that?
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Tradex.FX
Nov 25, 2024 12:07am
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EU Gonna pullback on 1.070xx within next 2 week
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CermiBiatch
Nov 25, 2024 1:30am
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Monetary policy is clear, just lot of politics affecting the charts now. EU will be bullish in short future. SM just trying to get the best prices they can for the "long-term" move.
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Trader#5A2D
Nov 25, 2024 2:05am
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Quoting Tradex.FX
EU Gonna pullback on 1.070xx within next 2 week
Well that’s quite the bold claim. Any reasoning or analysis?
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